Form 1 If the company registered before calendar year 2022, must have to file form 1 along with subscription capital Certificate. This form is applicable for both single members and private limited companies. Form A/29 Single Member Company In case…
Option 1 The deduction of WHT on receipts of IT Exports considered as Final Tax Regime for tax treatment if the conditions mentioned in Section 154(2) of ITO, 2001 fulfilled. Rate of Taxes 0.25% for those registered with PSEB 1%…
There is list of products where no further tax charge as they fall under third schedule of Sales Tax Act 1990. Fruit juices and vegetable juices Ice Cream. Aerated waters or beverages. Syrups and squashes. Cigarettes Toilet soap Detergents Shampoo…
After the finance bill 2022, following taxation will be implemented on IT Export Services. (W.e.f 1st July 2022) 0.25% on Export proceeds of Computer software or IT services or IT Enabled services by persons registered with Pakistan Software Export Board…
After receiving subscription capital, company members decided to appoint directors. These appointed directors automatically retired in first Annual General Meeting. In first AGM, number of directors fixed which can only be change in upward scenario through elections u/s 162 of…
Board Of Investment (BOI) It is a sole autonomous body who has the right to register the foreign company’s branch office in Pakistan. There are many steps involved in the registration process of branch office in Pakistan. Difference Between Branch…
Every foreign company has the motive to expand their business globally. For this purpose, once the company has decided to mark its presence outside the home country it requires special permission from the government officials of that particular country. Pakistan…
LLP (Limited Liability Partnership) can wind up through two ways either by court or volunteer. In section 29 of LLP Act 2017 mentioned that only two possible ways to quit partners from LLP. Section 31 of LLP describe the procedure…
In current income tax ordinance, 2001 witholding is the key factor to identify tax evaders and those indulge in tax evasions. Real Estate sector is still undocumented sector. There are billions of transactions occur every month whose records doesn’t exist…
As the word itself reflects that its the amount paid to the company against the subscribed shares either in form of cash or in bank deposit. This amount can be lesser then actual paid up capital amount because companies act…
